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Orb Energy surpasses Rs 3 billion in financing for MSMEs’ solar transition

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Orb Energy, a vertically integrated solar energy solutions provider, has crossed Rs 3 billion in financing disbursements through its zero-collateral, zero-down-payment in-house finance facility.  This milestone underscores the company’s commitment to enabling Indian micro, small, and medium enterprises (MSMEs) and small- and medium-sized businesses (SMBs) to transition to solar energy. Orb Energy’s financing solutions address the high upfront costs that often deter solar adoption among SMEs. The company aims to disburse an additional Rs 10…

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TPREL and Canara Bank partner to promote rooftop solar systems

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Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme.  For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure.  For systems between 3 kW and 10 kW, loans up to Rs 600,000 are offered with a 20 per…